Persistence Gold Group Ltd — Board/Management Information 2017

Jan 27, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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APAC RESOURCES LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock code: 1104)

CHANGE IN IMPORTANT FUNCTIONS AND EXECUTIVE RESPONSIBILITY OF A DIRECTOR

Reference is made to the announcement of APAC Resources Limited (the “ Company ”) dated 18 May 2016 in relation to, among other matters, the appointment of Mr. Brett Robert Smith (“ Mr. Smith ”) as an executive director and the deputy chairman of the board of directors (the “ Board ”) of the Company.

The Company announces that the Company and Mr. Smith have entered into a supplemental letter of appointment (“ Supplemental Letter of Appointment ”) to revise certain terms in the letter of appointment entered into on 18 May 2016 (“ Letter of Appointment ”), pursuant to which, with effect from the end of January 2017, Mr. Smith shall no longer be required by the Company to perform his executive management function in Dragon Mining Limited and his annual salary shall be reduced to HK$1,244,509.

Same as disclosed herein, there are no other material change to the terms in the Letter of Appointment.

By Order of the Board APAC Resources Limited Arthur George Dew Chairman

Hong Kong, 27 January 2017

As at the date of this announcement, the directors of the Company are:

Executive Directors

Mr. Brett Robert Smith (Deputy Chairman) and Mr. Andrew Ferguson (Chief Executive Officer)

Non-Executive Directors

Mr. Arthur George Dew (Chairman) (Mr. Wong Tai Chun, Mark as his alternate) , Mr. Lee Seng Hui and Mr. So Kwok Hoo

Independent Non-Executive Directors

Dr. Wong Wing Kuen, Albert, Mr. Chang Chu Fai, Johnson Francis and Mr. Robert Moyse Willcocks

* For identification purpose only